Rodinia Minerals Inc.
TSX VENTURE : RM

Rodinia Minerals Inc.

October 31, 2005 09:30 ET

Rodinia Minerals Completes $3,040,500 Financing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 31, 2005) -

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Rodinia Minerals Inc. (the "Company")(TSX VENTURE:RM) is pleased to announce that it has completed its previously announced brokered private placement. The Company has received gross proceeds of $3,040,500 on the private placement of 4,108,785 units at a price of $0.74 per unit through Haywood Securities Inc. as Agent. Each unit (a "Unit") consists of one share and one transferable warrant (a "Warrant"). Each Warrant entitles the purchase of one share at a price of $1.10 for a period of twelve (12) months subject to the Company's right to accelerate the expiry date of the warrants if, at any time after December 27, 2005, its shares close above $1.50 per share for 30 consecutive trading days (the "acceleration right").

The Company paid a 6% commission by issuing 246,527 shares and non-transferable warrants to purchase up to an additional 246,527 shares at a price of $1.10 for a period of twelve (12) months, subject to the acceleration right, and granted a non-transferable option to purchase up to 308,159 Units at a price of $0.74 per Unit, each Unit consisting of one share and one non-transferable warrant entitling the purchase of one additional share on the same terms as for the Warrants included in the Units. The Company also paid a corporate finance fee of 25,000 Units.

Proceeds of the financing will be used for general exploration expenditures on the Company's Workman Creek uranium deposit in Gila County, Arizona and working capital.

In accordance with applicable securities laws, all securities issued in connection with the private placement are subject to a hold period expiring March 1, 2006.

ON BEHALF OF THE BOARD

Donald Morrison, President

Shares Issued: 16,070,074


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